Meeting the Sustainable Development Goals in Small Developing States with Climate Vulnerabilities: Cost and Financing

55 Pages Posted: 25 May 2021

See all articles by Johanna Tiedemann

Johanna Tiedemann

Independent

Veronica Piatkov

International Monetary Fund (IMF)

Dinar Prihardini

International Monetary Fund (IMF)

Juan Carlos Benitez

International Monetary Fund (IMF)

Aleksandra Zdzienicka

International Monetary Fund (IMF)

Date Written: March 1, 2021

Abstract

Small Developing States (SDS) face substantial challenges in achieving sustainable development. Many of these challenges relate to the small size and limited diversification of their economies. SDS are also among the most vulnerable countries to the impact of climate change and natural disasters. Meeting SDS sustainable development goals goes hand-in-hand with building their climate resilience. But the additional costs to meet development and resilience objectives are substantial and difficult to finance. This work adapts the IMF SDG Costing methodology to capture the unique characteristics and challenges of climate-vulnerable SDS. It also zooms into financing options, estimating domestic tax potential and discussing the possibility of accessing ‘climate funds.’

JEL Classification: F63, I25, O18, O23, I10, E22, E25, I20, Q54

Suggested Citation

Tiedemann, Johanna and Piatkov, Veronica and Prihardini, Dinar and Benitez, Juan Carlos and Zdzienicka, Aleksandra, Meeting the Sustainable Development Goals in Small Developing States with Climate Vulnerabilities: Cost and Financing (March 1, 2021). IMF Working Paper No. 2021/062, Available at SSRN: https://ssrn.com/abstract=3852788

Johanna Tiedemann

Independent ( email )

Veronica Piatkov

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Dinar Prihardini

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Juan Carlos Benitez

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Aleksandra Zdzienicka (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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